SCCP-58: Increase Fees on DEFI and CEX to 100 bp
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Implementor | TBD |
| Release | TBD |
| Discussions-To | https://research.synthetix.io/ |
| Created | 2020-11-11 |
Simple Summary
Increase fees on trades into sDEFI, iDEFI, sCEX and iCEX to 100 bp.
Abstract
This SCCP suggests to raise fees on sDEFI, iDEFI, sCEX and iCEX to counter front-running activities that have been noticed recently.
Motivation
Analysis of on-chain data showed that front-running opportunities were more accessible for these synths given the fees levied 30 bp while the threshold frequency by chainlink is 1%.
Copyright
Copyright and related rights waived via CC0.